News
ED’S NIB: Mervyn King – an apology
Written By:
Your Money
Posted:
Updated:
14/09/2007
THE EDITOR wishes to apologise for yesterday’s report quoting Bank of England governor Mervyn King saying that he would not bail out banks that have over-committed to sub-prime debt. The editor now realises that what King really meant was that he WOULD bail out banks, like Northern Rock, that have over-committed to sub-prime debt – moreover, within 24 hours of saying he wouldn’t. Once again, sorry for the confusion.